Saturday, May 23, 2015Saturday, May 23, 2015

Ezra Holdings secures subsea projects worth about $102m

Published on Jan 24, 2014 8:51 AM

Offshore services provider Ezra Holdings said on Friday its subsea services division has clinched contracts worth almost US$80 million (S$102 million), including options.

The projects cover a wide range of subsea work, including the decommissioning and towage of a floating production, storage and offloading unit in Asia and the deployment of an inspection, maintenance and repair vessel in the Americas.

Work for most of the contracts is expected to start by the first half of this year, the Singapore-listed company said.

""It is an auspicious start to the new year," said Ezra's group chief executive and managing director Lionel Lee.

Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!